> The Company posted quarterly revenue of $58 billion, a decline of 5 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.46, down 10 percent. So they are shrinking, not growing.
Apple Q2 Results
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Re: Apple Q2 Results
#22> The Company posted quarterly revenue of $58 billion, a decline of 5 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.46, down 10 percent. So they are shrinking, not growing.
On 1 quarter YoY basis, their core iPhone business saw a plateau slowdown of -17.3% ($31B). iPad saw 21.5% growth ($4.9B) and their newest categories Wearables (Watch/Airpods) saw a 30% jump ($5.13B) whilst their Service Revenue increased 16.2% ($11.45B).
Despite their Apple News+, Apple Card, Apple Arcade and Apple TV+ services/subscription revenues not having kicked in yet so I'd expect they'll return to overall revenue/profit growth next year when all their revenue centers are operating on full cylinders.
Re: Apple Q2 Results
#23> The Company posted quarterly revenue of $58 billion, a decline of 5 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.46, down 10 percent. So they are shrinking, not growing.
Remove China from their numbers, and they are growing. China's economy is still cratering.
It's more like Huawei and Oppo are winning vs Apple https://www.cnn.com/2019/02/14/tech/huawei-smartphones-china...
Re: Apple Q2 Results
#24> The Company posted quarterly revenue of $58 billion, a decline of 5 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.46, down 10 percent. So they are shrinking, not growing.
Remove China from their numbers, and they are growing. China's economy is still cratering.
Removing China for a company that depends strongly on sales in China may not be a very sound analysis.
Re: Apple Q2 Results
#25"Apple no longer reports iPhone, iPad, and Mac unit sales numbers..." Probably because they only care about revenue and profits these days, not innovation and products. Apple didn't get to where they are by optimizing the supply chain but by coming up with incredible products that everyone HAD to have. I bought an iPhone last spring because it was the least-bad option in my opinion; if the Librem 5 is a flop I don't…
Because the number is the wrong metric for measuring the health of their products and customers. Unfortunately, the financial analysts have been so intensely focused on unit metrics to the point that they can't seem to grasp the true reality and condition of the company. As a result, Apple had to go so far as to: 1) State that their goal is to make their devices last longer. 2) Stop giving unit numbers. Still, I anti…
Any company that publicly claimed that their goal was to make devices that have a shorter lifetime would be raked over the coals, FWIW.
Re: Apple Q2 Results
#26Re: Apple Q2 Results
#27From the financial statements, revenue from Wearables, Home, and Accessories was up 30% vs the last year. There wasn't a huge release this quarter (aside from the AirPods refresh which was at the edge of the March 30th cutoff), so I wonder why it went up so much.
I was shocked by how much the Airpods cost, and yet still ended up buying a pair. Have been absolutely delighted. I guess I wasn't alone!
I still don't understand the appeal, nor how they suddenly became a meme in 2018, two years after they were released!
I own multiple pairs of wireless headphones but the fear of losing 1 headphone in the Airpod pair terrifies me.
Re: Apple Q2 Results
#28Earlier quoted context omitted.
I much prefer FaceID. It seems faster not slower for me than TouchID was, I like that it enables a full frontal screen, and I love not having a home button. I also really like when my kids steal my phone and try to get it to unlock by holding it up to me and I can make funny faces at it so it won’t. But maybe that’s just me. And to anticipate the follow-on to that, if a true adversary is holding my phone and it hasn’…
I find FaceID worse than TouchID, in a couple of ways: 1. It's very common both at work and at home that the iPhone is flat on a table and I want to quickly unlock it to check something. Previously, snaking a finger out was sufficient; now, I have to deliberately pick it up, look at it, and then swipe upwards. (It's also much more conspicuous in meetings.) 2. FaceID seems to struggle (i.e. fail to unlock, or delay th…
Another problem is that you don't get to control the start of a FaceID scan. Many apps that I use (mostly for banking) have some non-deterministic loading procedure that can take from 1-20 seconds. At some point, the load completes and the app initiates a FaceID scan. If you're not holding the phone at the right angle at that moment, the scan fails. Then it falls back to a passcode.
It's a terrible user experience. They should give me the chance to push a button after I've gotten the phone in the right position before initiating the scan. Or they should give me the chance to retry the scan if I wasn't ready. As it is, they expect me to hold my phone rigidly for a non-deterministic amount of time in order to use FaceID.
Re: Apple Q2 Results
#29"Apple no longer reports iPhone, iPad, and Mac unit sales numbers..." Probably because they only care about revenue and profits these days, not innovation and products. Apple didn't get to where they are by optimizing the supply chain but by coming up with incredible products that everyone HAD to have. I bought an iPhone last spring because it was the least-bad option in my opinion; if the Librem 5 is a flop I don't…
Well, seeing that their Apple Watch business is the size of a F200 company. I think they are doing well.
Also, if you compare their revenue mix and knowing Apple you know they are running each part profitably, they are doing much better than Google who after all of these years is still just an ad company.
https://sixcolors.com/images/content/2019/financials-2019-4-...
Re: Apple Q2 Results
#30Earlier quoted context omitted.
Remove China from their numbers, and they are growing. China's economy is still cratering.
Removing China for a company that depends strongly on sales in China may not be a very sound analysis.
If you want to find root cause, you need to dissect that one number.
Without breaking out China vs non-China you would have concluded that Apple is slowing down/customers unhappy/products unattractive. This would have been the wrong conclusion for the non-China world.
You don't treat the world as one unified market.